Consolidated Fund

The Consolidated Fund is a balanced, diversified, co-mingled fund managed for Quaker meetings, schools and organizations with a long-term investment time horizon. To view the Annual Audit Report as of December 31, 2010, click here.

Fund Information as of January 31, 2012
Total Net Assets ($mil)$249.0
Unit Value$40.46
Fund TypeBalanced
Investment StyleGrowth and Income
Inception Date1975
Investment Management Expense Ratio 20100.36%
Total Expense Ratio 20100.72%

Fund Objective

The Fund’s target asset allocation of 62% Equity, 33% Fixed Income and 5% REITS. Its primary objectives are stable current income and long-term growth consistent with protecting principal investments against inflation over time. The Fund has an income distribution policy based on total return. Distributions are paid out semi-annually and calculated using a rolling three-year average of unit value.


Current Fund Holdings as of 12/31/11


Total Returns as of 12/31/11



Friends Fiduciary Corporation
1650 Arch Street, Suite 1904
Philadelphia, PA 19103

P: (215) 241-7272
F: (215) 241-7871
E: info@friendsfiduciary.org